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Meats Futures Prices

Wed, May 22nd, 2019
[[ timeframe ]] futures price quotes as of Wed, May 22nd, 2019.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
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  • Livestock Report

    Weakness prevails as cattle and hogs move lower

  • More Fun to Come

    Take Advantage

  • Closing Out May

    Still Problematic

Futures Market News and Commentary

Hogs Lower at Wednesday’s Close

Lean Hog settled Wednesday with 12.5 to 45 cents losses. The CME Lean Hog Index was down 22 cents from the previous day @ $84.37 on May 20. The USDA pork carcass cutout value was down $2.24 at $84.83 on Wednesday afternoon. The rib primal was down $13.06, with the belly $4.92 lower. The national average base hog was down $1.59 on Wednesday, at an average weighted price of $79.27. This week’s estimated FI hog slaughter is 1.41 million head through Wednesday. That was 29,000 head above the previous week and 35,000 above the same week last year. NASS reported 621.87 million pounds of pork stocks on April 30 in their monthly Cold Storage report this afternoon. That was down 2.02% from a year ago and up 2.22% from March, which is seasonal. Belly stocks were down 5.33% from last year at 61.123 million pounds. Jun 19 Hogs closed at $89.650, down $0.450, Jul 19 Hogs closed at $91.050, down $0.325 Aug 19 Hogs closed at $92.175, down $0.300 --provided by Brugler Marketing & Management
Cattle Close Lower, USDA Shows 5-Year Low in April Beef Stocks

Live cattle futures saw 20 to 55 cent losses in most contracts on Wednesday. Feeder cattle futures were steady to 40 cents lower, with soon to expire May up $1.075. After Wednesday’s close, the Cold Storage report indicated 430.35 million lbs of beef were in coolers at the end of April, which is a 5-year low. That is down 4.78% from March and down 8.66% from a year ago. The CME feeder cattle index was down 9 cents to $132.16 on May 21. Wholesale boxed beef prices were mixed on Wednesday afternoon. Choice boxes were up 17 cents at $219.75 with Select boxes down 77 cents @ $205.81. USDA estimated this week’s FI cattle slaughter at 360,000 head through Wednesday. That was down 3,000 head from last Monday but up 1,000 from the same week last year. A few cash sales of $115 have been reported in the South so far on Wednesday, with $185-186 in the north. Friday’s Cattle on Feed report is expected to show May 1 on feed numbers up about 2.9% (average of traders surveyed) from a year ago at 11.893 million head. Jun 19 Cattle closed at $110.650, down $0.200, Aug 19 Cattle closed at $107.950, down $0.325, Oct 19 Cattle closed at $107.800, down $0.500, May 19 Feeder Cattle closed at $135.450, up $1.075 Aug 19 Feeder Cattle closed at $142.600, down $0.400 Sep 19 Feeder Cattle closed at $143.875, down $0.300 --provided by Brugler Marketing & Management
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